Par Pacific reported record adjusted net income last year

摘要

The independent US refiner reported a record adjusted net income of $91.7MM for 2019, up from $49.3MM in 2018. Par Pacific Holdings, Inc. said 2019 adjusted EBITDA was $260.4MM, up from fl32.1MM in 2018, due to improved performance across all operating segments, including refining. Par Pacific's refining business reported operating income of $93.8MM last year, up from $73.3MM in 2018. Its refining segment's Adjusted Gross Margin for 2019 was $403.2MM, up from $238.2MM in 2018. Adjusted EBITDA for 2019 was $168.6MM, up from $91.9MM in 2018.